Some Eurusd levels to watch 1.2870-80 area is pivotal and should hold stops. We broke downtrend channel as you can see in 4h chart. Short term 1.2840 & 1.2800 offer support. On the upside 1.2970 & 1.30 are levels to watch. Watch ahead ECB & bonds auctions.

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(Please click on the forex chart thumbnail to enlarge)